Looking for information about your firm's panel status?
MBS Lending Ltd Conveyancing Panel Assistance:
What are the MBS Lending Ltd conveyancing panel arrangements?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
All conveyancers are subject to panel requirements and must be approved onto the MBS Lending's conveyancing panel. Please refer to the mortgage completions team if further information is required.
You must also comply with the terms and conditions of your MBS Lending Ltd solicitor panel appointment.
Do MBS Lending Ltd or the Building Society Association run training seminars for the MBS Lending Ltd approved conveyancing panel in much the same way that the Law Society run cases for CQS accedited practices?
The BSA do not involve themselves in training however they do provided numerous useful legal related conferences which are attended by firms on the MBS Lending Ltd conveyancing panel. Lexsure intend to run specific lender focused seminars in the coming months including a webinar on MBS Lending Ltd’s requirements . Solicitors on the MBS Lending Ltd conveyancing panel will be invited . Further details will be made available as part of the LENDERmonitor change Notifications .
What reports are available via COMPLETIONmonitor to assist my appeal to be reinstated on the MBS Lending Ltd solicitor panel?
There are many reports available but examples include:
- Average time frame to register charges at the Land Registry
- Average time frame to send deeds to the lender (calculated from completion date or title registration)
- Number of conveyancing cases by lender
- The percentage of the firm’s business which is conveyancing (broken down into sale)
- Average mortgage advance
- Buy to Let transactions
- Notification to Lender analysis indicating frequency and nature of disclosures - to include benchmarking analysis against aggregate data
- Evidence of undertaking logs
- Current and historic missed priority dates
- Analysis as to the nature of clients (e.g. existing client )
I have been a solicitor for over 20 years with an exemplary claims record and have been refused acceptance on the MBS Lending Ltd conveyancing panel with no explanation. Am I not entitled to a reason?
Participation on the lender's panel of conveyancers is at the absolute
discretion of the the lender. The days of open panels are now long
gone. Many lenders reserve the right to accept or reject any
application without giving any reason. You should check your original
application to join the MBS Lending Ltd conveyancing panel
to see if you are entitled to a reason.
We had our MBS Lending Ltd panel membership revoked but we have not yet been given a reason as to why . I am completing a CQS application form what information should I disclose?
In the circumstances please clarify on the form what steps you have taken to find out the reasons behind cancellation of your MBS Lending Ltd panel status . In particular please provide details if you have received communications from the lender. E.G. before cessation of your panel membership did you receive any letters or calls from the lender putting you on notice?
Can the BSA help me join the MBS Lending Ltd conveyancing panel?
The BSA has no role in influencing what conveyancers MBS Lending Ltd instructs. If you want to be admitted onto MBS Lending Ltd conveyancing panel you should contact MBS Lending Ltd directly.
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
The firm I run is a Lexcel accredited firm on the MBS Lending Ltd conveyancing panel. Do you have ideas as to how we can market our firm as specialists in conveyancing in Hendon on the MBS Lending Ltd panel?
13 potential conveyancing clients attempt to locate a conveyancing practitioner on the MBS Lending Ltd panel every 4 weeks in Hendon. Please contact the team at lenderpanel.com to see how your firm can be identified by those searching for conveyancing in Hendon.
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Average number of days to register title including a charge in favour of MBS Lending Ltd
This information relates to purchase only and not remortgages.
| Year | Days* |
|---|---|
| 2025 | [no data] |
| 2024 | [no data] |
| 2023 | [no data] |
| 2022 | [no data] |
| 2021 | [no data] |
| 2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited MBS Lending Ltd Firms
- Draft Report on Title precedent for MBS Lending Ltd borrowers
- Draft Anti Money Laundering PolicyTemplate for MBS Lending Ltd panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the MBS Lending Ltd lender panel
- Buy-to-Let help for MBS Lending Ltd
- Consent-to-Let help for MBS Lending Ltd
- Contractor Mortgages with MBS Lending Ltd
